International Trade - Jamb Economics Past Questions and Answers

Question 131:

• JAMB 2003

Securities are described as listed when they are

A. Mobilished as long-term debt instruments
B. Traded on a recognised stock market
C. Bought and sold purely for development purposes
D. Mobilized as short-term debt instruments

Question 132:

• JAMB 2003

Under a floating exchange rate regime, the determinant of the exchange rate is

A. An Act of the National Assembly
B. The highest denomination of the currency
C. Demand for and supply of foreign goods
D. The system of government

Question 133:

• JAMB 2003

The effectiveness of devaluation as a solution to a balance of payments problem depends on the

A. Value of visible and invisible goods
B. Value of invisible items of both domestic and foreign trades
C. Relative elasticities of demand and supply of imports and exports
D. Foreign investments of businessmen

Question 134:

• JAMB 2003

If Nigeria's composite price index in 1999 was 140.03% in 2000, the rate of inflation in 2000 was

A. 4.02%
B. 2.10%
C. 2.06%
D. 1.03%

Question 135:

• JAMB 2004

The movement of goods and services from the producers to the consumers is referred to as

A. External trade
B. The distribution chain
C. The circular flow
D. Consumption